Investors are growing dire on Argentina after a shock election result, but some voters don’t buy the market’s concerns while others remain stunned at the severity of the backlash. Both ends of the spectrum are latching onto conspiracy theories about what’s gone wrong, and what’s next.
Argentine Economy Minister Nicolas Dujovne resigned Saturday, capping a week of market chaos that followed President Mauricio Macri’s stunning loss in a primary vote.
SoftBank Group Corp. is planning to lend as much as $20 billion to its employees to buy stakes in its second venture capital fund following the success of an earlier $100 billion fund to invest in tech start ups, the Wall Street Journal reported.
President Donald Trump suggested he might impose a 100% tariff on French wine to retaliate for President Emmanuel Macron’s tax on multinational technology companies, according to two people with knowledge of his comments made at a recent Long Island fundraiser.
Investors are bracing for a significant downturn in the world economy, cutting earnings estimates amid a market sell-off. While all cyclical industries face some form of risks, some companies within each sector are more vulnerable than others as the outlook deteriorates.
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